Royal Bank Of Canada Cuts International Business Machines (NYSE:IBM) Price Target to $300.00

International Business Machines (NYSE:IBM) had its price target lowered by Royal Bank Of Canada from $330.00 to $300.00 in a report released on Wednesday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Argus set a $360.00 target price on shares of International Business Machines in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of International Business Machines in a research note on Tuesday, April 21st. Wedbush restated an “outperform” rating and issued a $320.00 price target on shares of International Business Machines in a research note on Wednesday. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a report on Friday, April 24th. Finally, Dbs Bank upgraded International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $294.41.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $229.39 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $215.60 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.40 and a beta of 0.58. The business has a 50-day simple moving average of $243.05 and a two-hundred day simple moving average of $277.83. International Business Machines has a fifty-two week low of $220.72 and a fifty-two week high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter last year, the firm posted $1.60 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that International Business Machines will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a $1.69 dividend. The ex-dividend date is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is currently 59.42%.

Insider Activity at International Business Machines

In related news, Director Michael Miebach acquired 434 shares of the stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the transaction, the director directly owned 434 shares in the company, valued at approximately $101,265.22. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds have recently modified their holdings of the company. Basepoint Wealth LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $25,000. Family CFO Inc purchased a new stake in International Business Machines in the 4th quarter worth $25,000. Joseph Group Capital Management bought a new stake in International Business Machines during the fourth quarter valued at about $28,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines during the fourth quarter valued at about $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of International Business Machines in the third quarter valued at about $28,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM used its Think 2026 conference to highlight progress in artificial intelligence and quantum computing, including productivity gains from AI and signs that quantum advantage may be approaching sooner than expected. That reinforces the company’s long-term growth narrative. IBM touts AI productivity gains and quantum milestones at Think conference
• Positive Sentiment: A new report on IBM’s quantum push said the company demonstrated a major accuracy breakthrough, helping show that its quantum efforts are moving beyond theory and toward commercial relevance. IBM’s Quantum Push Gets Real with 210x Accuracy Breakthrough
• Positive Sentiment: IBM was also mentioned in broader commentary about the AI build-out and in sector coverage of AI infrastructure, which keeps the company in the conversation as investors look for “pick-and-shovel” beneficiaries of AI spending. 8 Stocks on Jim Cramer’s Mad Money Recap: IBM, Corning, and AI Rally Strength
• Neutral Sentiment: Several articles note that IBM is attracting investor and analyst attention, suggesting traders are reassessing the stock’s prospects, but these items do not add a clear new catalyst on their own. International Business Machines Corporation (IBM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Analyst commentary remains cautiously optimistic, with Wall Street still viewing IBM as a potential long-term winner even though the stock has lagged the broader market over the past year. Are Wall Street Analysts Predicting International Business Machines Stock Will Climb or Sink?
• Negative Sentiment: Recent coverage also highlighted IBM’s sharp six-month decline and concerns that AI advances could threaten parts of its legacy business, which may be weighing on sentiment. IBM Plummets 27% in 6 Months: Should You Reassess the Stock?

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.